Finland’s ‘free cash’ trial fails to boost employment
But scheme did leave participants happier and healthier
“Europe’s first national government-backed experiment in giving citizens free cash failed to encourage its participants to work more as organizers had hoped – but it did improve their well-being.
Under Finland’s two-year basic income trial, which ended a month ago, a random sample of 2,000 unemployed people aged 25 to 58 were paid a monthly €560 (£475), with no requirement to seek or accept employment. Any recipients who took a job continued to receive the same amount.”